Crane NXT, Co. (NYSE:CXT) Stock Holdings Increased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 5,320.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,948 shares of the company's stock after purchasing an additional 131,477 shares during the quarter. GAMMA Investing LLC owned approximately 0.23% of Crane NXT worth $6,885,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CXT. Deutsche Bank AG boosted its position in shares of Crane NXT by 3.0% during the fourth quarter. Deutsche Bank AG now owns 5,831 shares of the company's stock worth $339,000 after buying an additional 168 shares during the period. Covestor Ltd boosted its position in shares of Crane NXT by 38.6% during the fourth quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after buying an additional 206 shares during the period. Amalgamated Bank boosted its position in shares of Crane NXT by 1.0% during the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company's stock worth $1,336,000 after buying an additional 233 shares during the period. Corient Private Wealth LLC boosted its position in shares of Crane NXT by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 21,139 shares of the company's stock worth $1,231,000 after buying an additional 254 shares during the period. Finally, Xponance Inc. boosted its position in shares of Crane NXT by 6.2% during the fourth quarter. Xponance Inc. now owns 5,587 shares of the company's stock worth $325,000 after buying an additional 328 shares during the period. 77.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group reduced their price objective on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. in a research report on Tuesday, February 18th. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, DA Davidson cut their target price on Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $73.75.

Crane NXT Stock Performance

CXT opened at $54.10 on Monday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a 1-year low of $41.54 and a 1-year high of $67.01. The business has a 50 day moving average price of $49.36 and a two-hundred day moving average price of $55.69.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. Research analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. Crane NXT's dividend payout ratio (DPR) is presently 23.37%.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.

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